4.1.4 Types of plans

There are several types of plans, including:
1. Strategic plan: A long-term plan that outlines the overall vision and direction of an organization.
2. Tactical plans: They are concerned with how to implement the strategic plans that are already developed.
3. Operational plans: These plans focus on day-to-day issues, such as staffing levels or inventory quantities.

They fall into many types that include:
a. Continuing or ongoing plans: Plans developed to handle recurring and relatively routine situations.
b. Single use plans: These are plans set up to handle events that happen only once.
c. Business plan: A plan that outlines a business’s strategy and goals, and includes a financial forecast.
d. Marketing plan: A plan that outlines how a business will promote its products or services to potential customers.
e. Project plan: A plan that outlines the steps and resources necessary to complete a specific project.